Nanming sees impressive economic and social growth in 2024

In 2024, the economic achievements of Nanming district in Guiyang, capital city of Southwest China's Guizhou province, were remarkable.

The district's GDP continues to rank second in the province and first in Guiyang, contributing 19 percent to the city's GDP growth.

Last year, Nanming recorded 24 A-level logistics enterprises, the highest in the city. Fixed asset investment reached 23.4 billion yuan ($3.24 billion), a 7.3 percent year-on-year increase, and construction and installation investment totaled 15.7 billion yuan, up 9.8 percent year-on-year, both ranking first in the city.

The district saw a net increase of 15,000 market entities, bringing the total to 199,000, the highest in the province. Additionally, retail sales of consumer goods reached 78.43 billion yuan, a 4.9 percent year-on-year growth, leading the province.

Nanming promoted industrial transformation and upgrading throughout 2024. It established the "one core, two wings" development layout, with the Nanming Intelligent Manufacturing Industrial Park as the core, the Ergezhai area as the southern wing, and the Hongyan area as the northern wing. Among the 19 newly introduced projects are high-tech enterprises such as Yuhui Electronics and Taixin Semiconductor.

Modern producer services also experienced rapid development. Nanming formed the Ergezhai logistics industry cluster, integrating warehousing, distribution, wholesale procurement, and logistics information services. The added value of the financial industry reached 10.22 billion yuan, accounting for 9 percent of the district's GDP.

Revenue from eight major service industries above the designated size totaled 17.89 billion yuan, up 14.7 percent year-on-year.

Scientific research and technical services grew 31.9 percent, while internet and related services increased 23 percent. Three new headquarters enterprises were also established, bringing the district's total to 10.